Wednesday, April 22, 2015

Entrepreneurship and the Texas Future

"Wisdom is the principal thing;
Therefore get wisdom.
And in all your getting, get understanding."
Proverbs 4:7

The Texas Public Policy Foundation opened its new building with a fantastic primer on entrepreneurship; this author especially appreciated the discussion of Biblical financial principles and the role they played in building the businesses.

Jim Lininger:

  • Insurance companies were pulling out of the medical industry in Texas.
    • "I was just offended."
  • "Then I became really passionate about school choice."
  • "Two years later we went public and I owned 98% of the stock."
  • "The schools today are as bad as they were 26 years ago."
Red McCombs:

  • "I was very much aware of the Depression."
  • "I always hustled for the use of time."
  • "I never was money hungry, but I never was opposed to carrying around a little either."
  • "I know how to win, I expect to win, and most of the time I do win."
  • Most great things in the world are driven by entrepreneurs.
  • Do what you're currently doing really well and you'll be noticed.


  • "When you say you're a Christian company, you've got to act like one."
  • "It took us seven years to earn our first million dollars, but the Bible says that which is grown slowly is grown successfully."
  • Never borrowed money until later.
  • Fracking is more like mining for oil and gas than drilling.
  • When you start something, have a plan.
  • Turn hard times into good times.
  • "The harder you work, the luckier you get."
  • "Only those who are doing things are making mistakes."


  • McCombs: "If you're going to be in the field, Texas is the best place to be."
  • The easy way out is never the best way.
  • Christians tend to be harder working and more reliable than most people.
  • If you follow tithing carefully, you'll be blessed.
  • Tithing is foundational.
  • Opportunity knocks by the week, the key is to pick the right one.
  • "The hardest time in the world to get a job is when you're out of a job."

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